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20 Jun

Australia power crisis forces manufacturers to eye offshore moves, production cuts

Australia's biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore to manage a spike in power and gas bills, adding to pressure on the government to resolve the country's energy crisis.

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20 Jun

China keeps lending benchmarks unchanged, wary of policy divergence risks

China stood pat on its benchmark lending rates for corporate and household loans, as expected, on Monday, with global central banks' rate increases making it tough for Beijing to stimulate a weak domestic economy by lowering rates.

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17 Jun

Factbox-Global baby formula makers send products to restock U.S. shelves

Global companies that make baby formula are bringing products into the United States after the country's health regulator relaxed its import policy to address a nationwide shortage partly triggered by Abbott Laboratories' manufacturing plant in Michigan recalling some products in February.

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19 Jun

Nigeria blocking repatriation of $450 million foreign airline revenue, IATA says

Nigeria is withholding $450 million in revenue international carriers operating in the country have earned, an executive at the world's largest airlines association said on Sunday.

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17 Jun

Verizon, AT&T agree to delay some 5G deployment until mid-2023

The Federal Aviation Administration said Friday that Verizon Communications and AT&T have voluntarily agreed to delay some C-Band 5G usage until July 2023 as air carriers work to retrofit airplanes to ensure they will not face interference.

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18 Jun

CEO of Rosneft says BP still remains major stakeholder

Igor Sechin, the head of Russian oil major Rosneft, said on Saturday that BP still remains its largest private shareholder despite having announced its departure in February after Moscow sent troops into Ukraine.

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17 Jun

NBCUniversal extends deal to sell ads for Apple News

Comcast Corp's NBCUniversal media unit said on Friday it expanded its partnership with Apple Inc, becoming the exclusive seller of advertising for the Apple News and Apple Stocks apps in Britain.

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Latest Articles

  • China receives US equipment to make advanced chips despite new rules - report
  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
  • Google's expert in US antitrust trial defends billions paid to device makers
  • Post-strike Hollywood rushes to get film, TV sets humming

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